Sugar Cane Stables: One moves up the other moves out!

Sunday, February 21, 2010

One moves up the other moves out!

Last night at Delta Downs was a glimpse of the future and an end to a chapter for Sugar Cane Stable's owners and athletes.

Carbon Blue continued to show solid improvement in his third lifetime start finishing 3rd beaten 4 lengths. We have a big horse running at a very small track and it takes him a while to get going but just as he has done in his first 2 starts he finished with an extremely strong kick. At a track where front running speed is king, Carbon Blue is doing just fine. We are hopeful Carbon will make one more start at Delta prior to the end of the meet on March 20th. Everyone should be extremely proud of Carbon Blue and what the future might hold.

Watch his race replay and see the official results below:

mms://66.209.93.118/Replays2010/201002202042DTN5.wmv?CUST=Delta&TICKET=2e2649db04255872e14cbea4fddbafe6%7C1266763130%7C300%7C%2A%7CDelta%7C1000%7C0%7C0

http://www.equibase.com/static/chart/pdf/DED022010USA5.pdf

The first chapter of our racing program began with Promissory Kid, a horse with a troubled past. The team showed great patience and investment while attempting to get him in the winners circle. After 11 months we've decided to send him back to the farm to enjoy and reflect.

Last night he finished last going 5 five furlongs and just did not show the commitment to competition needed for a thoroughbred.

View his race and official results below:

mms://66.209.93.118/Replays2010/201002202320DTN11.wmv?CUST=Delta&TICKET=5ea931f053b268ffd4a7234d80fb48dc%7C1266764785%7C300%7C%2A%7CDelta%7C1000%7C0%7C0

http://www.equibase.com/static/chart/pdf/DED022010USA11.pdf

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Our Plan:

Provide a strategic, unique, long-term approach to Horse Racing Ownership. Unlike syndicates that involve the purchase of racing stock, markups, management fees, or pre-racing development costs. Investors will only be responsible for expenses associated with the actual track training of Sugar Cane Stables. Racing stock will be leased to Sugar Cane Stables for $1.00 all leases are for 90 days and must be renewed quarterly at the quarterly shareholder meetings. By not buying the racing prospect the overall risk is greatly diminished to our investors. Our commitment to investors is simply provide racing prospects without the upfront cost of horse ownership. Potential Estimated Monthly Maintenance and Training Costs

Potential Estimated Monthly Maintenance and Training Costs:

The approximate monthly costs for a 2-3 year-old horse in training break down as follows:

Trainer – $50 a day (called the “day rate”), approximately $1500 a month. This covers salaries for stable employees, worker’s comp, the trainer’s fee, and other professional costs. Trainers’ day rates vary.
Vet – $300 a month
Blacksmith – $200 a month
Stable Supplies – $100 a month
Vanning – $200 a month
Medication – $400 a month
Schooling, stable bonuses, and other miscellaneous costs – $80 a month

Additional Thoroughbred Expenses:

If the horse wins a purse in a race, the owner generally pays additional expenses out of those purse earnings. These expenses include:

Jockey Fees – these fees range according to the finish and usually are 10% of the purse for first; 5% of the purse for second and third; $90 for an unplaced mount.
Trainer’s Commission – 10% of all money earned by the horse (in addition to the daily rate).
Backstretch Pension –1% of the purse earned
Jockey Injury Fund –.7% of the purse earned
Backstretch Insurance and Jockey Club fee -- $15 per race
Barn Commission – a gratuity to the help at the barn, usually 2% of the purse.
Additional Fees – such as nomination expenses and entry fees.